RBI's Rupee Rx

The rupee has been on a sharp slide, moving from 90 to nearly 97 in just a few months. On Friday, the RBI stepped in with two major measures a concessional FCNR deposit window for NRIs and a subsidised swap facility for ECB borrowings by PSUs effectively absorbing the hedging costs to pull in foreign capital. But how much of a difference will it make, and for how long? Host Rozebud Gonsalves speaks with Sakshi Gupta, Principal Economist at HDFC Bank, on the rupee's initial reaction, expected capital inflows and the forward book.You can follow Rozebud Gonsalves on his social media: X and LinkedinCheck out other interesting episodes like:ET Deep Dive: Swipe Left on Reality,India wants manufacturing at 25% of GDP — will AI in factories help?, Tanay Kothari Wants To Kill The Keyboard, From Doer to Director: The LinkedIn Playbook for the AI Agea, Semaglutide Goes Generic: Big Pharma’s Moat Breaks  and much more. Catch the latest episode of ‘The Morning Brief’ on The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Youtube.See omnystudio.com/listener for privacy information.